Story perspectives

Walmart Joins Nasdaq-100, Set for $19 Billion Inflows

1/11/2026

Summary

Story summary

Walmart will join the Nasdaq-100 Index on January 20, replacing AstraZeneca after moving its listing from the New York Stock Exchange to Nasdaq, in the largest exchange transfer on record.
Analysts estimate that Walmart's inclusion could attract about $19 billion in inflows from index-tracking funds.
The Bentonville, Arkansas-based retailer has seen its market value approach $1 trillion, and AstraZeneca's stock lagged due to declining vaccine-related revenue.

History

Historical Context

The Nasdaq-100 Index, launched in 1985, reflects the tech boom's evolution, peaking during the dot-com bubble in 2000. By 2002, it represented a market capitalization of around $1 trillion, dominated by tech giants like Microsoft and Cisco. The upcoming inclusion of Walmart, replacing AstraZeneca, signifies a shift towards retail, potentially attracting $19 billion in new investments and highlighting changing market dynamics.

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Story summary

Walmart will join the Nasdaq-100 Index on January 20, replacing AstraZeneca after moving its listing from the New York Stock Exchange to Nasdaq, in the largest exchange transfer on record.
Analysts estimate that Walmart's inclusion could attract about $19 billion in inflows from index-tracking funds.
The Bentonville, Arkansas-based retailer has seen its market value approach $1 trillion, and AstraZeneca's stock lagged due to declining vaccine-related revenue.

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